Ever since the first hike in December 2015, rate hike "fears" have been brewing market-wide. After the Fed promised multiple hikes throughout 2016, every single scheduled meeting has resulted in a "hold" verdict. After the first quarter point hike, I believed we would not see another hike in 2016. I have been right every time since. My theory as to why another rate hike hasn't occurred is centered around my understanding of the internal operations of the Obama Administration and their policy goals.
My prediction has now changed, and I believe there will be another rate hike in the December 2016 meeting of the Fed. I will explain why below, and what I believe we can expect moving forward as the Obama Administration transitions to the Trump Administration.
The information below is a prediction based on my understanding of history and my own personal analysis of the people and events… Read More …
